
Boost in Orascom Hotels revenues in Q1 2017
Companyâs revenues increased by 73.9%, from EGP 284m in Q1 2016 to EGP 493.8m in Q1 2017
Companyâs revenues increased by 73.9%, from EGP 284m in Q1 2016 to EGP 493.8m in Q1 2017
We still have a large portfolio of lands in the resort of 37m sqm, 14m meters utilised so far, says general manager of El Gouna
OHD recorded net profits worth EGP 154.7m in H1 of 2015, up from losses of EGP 34.35m in H1 of 2014
The group had accumulated losses worth $171.3m in 2013
Trading on Orascom Hotels and Development stocks started during Tuesdayâs session
33m stocks were offered by the company
The company stated that its management is âoptimistic with the companyâs performanceâ, adding that it expects a stronger performance after the completion of the upcoming parliamentary elections.
Amr Shetta, from Orascom Hotels and Development, said that âit is not the Central Bankâs roleâ to help the sector, which is a matter of âgovernment concernâ